Nighthawk Steel, a manufacturer of specialized tools, has $$5,280,000$ in assets$\mathrm{.}1$eBookTemporary current assets Permanent current assetsCapital assets$$1,260,000$pointsTotal assets$1,760,0002,260,000$$$5,280,00010$PrintReferencesSavedHelpShort$-$term rates are $5$ percent. Long$-$term rates are $7\mathrm{.}5$ percent. $($Note that long$-$term rates imply a return to any equity$).$ Earnings before interest and taxes are $$1,090,000.$ The tax rate is $25$ percent. Assume the term structure of interest rates becomes inverted. with short$-$term rates going to $10$ percent and long$-$term rates $5$ percentage points lower than short$-$term rates.earnings be after taxes? For an example of perfectly hedged plans, see Figure $6-8.$If long$-$term financing is perfectly matched $($hedged$)$ with long$-$term asset needs, and the same is true of short$-$term financing, what willEarning after taxes$